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Hi!! As an out-of-state investor, t's been SO great networking with BP members from the specific markets I'm interested in. I feel great about the teams I'm building and now ready to move to the next step. Some of the...
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I found one mortgage broker who is willing to qualify me for a triplex BASED ON THE CASHFLOW ALONE. She said: All you need is the money for the downpayment since the DebtCoverageRatio is so high. Of course... that was...
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Can someone help me out by listing/summarizing all the costs associated to buying a piece of property? This question is more around the legal framework and paperwork needed to acquire a property.
For example, someone...
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Hello everyone first time posting here. I know some of the questions I may ask might not be answerable but I'm looking at purchasing my first property. I've been doing alot of reading and looking at the formulas he...
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Just listened to BP REI Podcast 440 and was intrigued by the no-money-down strategy they discussed. Does anyone know of a bank or credit union that gives loans based on the appraised value rather than the purchase pri...
I was screening possible tenants in Nevada for a house, and I got a call from a group who all had very low income and loose-ties.
A woman and her 2-month boyfriend, plus three other friends whom they didn't know supe...
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I own a triplex in a developing neighborhood that has been my second home and office on and off for years. It is a nice old Victorian that was converted to a triplex years ago. Legal apartments, but shared utilities s...
I just bought my first rental house in the Bronx and am currently renovating it. Once the renovations are done, I would like to rent it out ASAP. I came across very useful articles on this site, include this one abo...
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Hello to everyone!
Another first timer here in this forum and Real Estate field. Just trying to get started but as always happens with the begging have a few questions and concerns This might be asked here many tim...
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Cost segregation can be utilized for many different scenarios such as new construction, properties already owned and newly purchased properties. Generally, the properties that benefit the most from a cost segregation ...